∼M

question 199

Multiple Choice

∼M

• A) AC-invalid.
• B) MT-valid.
• C) DS-invalid.
• D) DA-invalid.
• E) MP-valid.

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Definitions:

Taxable Event

A financial transaction that may result in taxes owing to the government.

Short-term Capital Gain

A profit realized from the sale of an asset held for less than a year, often taxed at a different rate than long-term capital gains.

Long-term Capital Gain

Profit from the sale of an asset held for more than a year, typically subject to a lower tax rate.

Mutual Fund Prospectus

A legal document provided by mutual funds to potential investors, detailing the fund's objectives, risks, performance, and expenses.